Renewable Exchange

Transforming the way renewable energy is traded in the marketplace

Client
Renewable Exchange
What we did
Ideation Architecture UX UI Front end dev Back end dev Database User authentication User authorisation
Visit the website
www.renewableexchange.co.uk
Category
Software

The conventional way of trading renewable energy is outdated.

Driven by innovation, we have helped Renewable Exchange create a better way. A way that is transforming how renewable energy is exchanged by providing an intelligent, data-driven PPA marketplace coupled with expert consultancy.

The new platform gives clients a better choice than ever before through smarter insight and greater transparency, and with a more connected market it offers more opportunities open to more people.

It's a brighter way of selling renewables that puts clients first.

The Problem

Renewable Energy asset owners are spending many hours managing their PPA (Power Purchase Agreement) network, only to miss the best deals.

PPA s can be presented in different formats. And contracts are usually not easy to compare.

Assessing the whole market is time consuming without connections with off-takers.

The Solution

Obtaining the best price for your energy – the new platform provides energy generators with a simple method of PPA tender creation

Large market place – the platform opens up the market to over 40 off-takers.

Easy comparison – PPA s can often be presented in different formats. And contracts are usually not easy to compare. We created a smart pricing engine to compare PPA quotes with like-for-like figures and view legal contract summaries that make quote comparison easy.

The platform is scaleable as new generators and off-takers come on board and is primed to disrupt the market and improve the PPA tendering process for generators and off-takers alike.

Results: A scalable, stable and powerful solution.

Renewable Exchange won the Innovation award at the Renewable Energy Association 2019 Awards! Up against a shortlist of incredible companies such as: Nissan Motor Corporation, EDF Energy, Lime-jump, Centrica, Progressive Energy Limited, Solecco Solar Ltd, UK Power Networks & The Phoenix Works and come out the winner is an amazing achievement, and testimony to the founders vision and the design and implementation of the solution by Newicon.

Their success validates the work all the team has put in from day one, and continues to put in to ensure that the PPA market is in the best possible shape for a subsidy free world where the PPA is the primary source of revenue for renewables projects.

Not done there, Renewable Exchange have big plans for the future; watch this space!

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